USDJPY | CONFLUENCE OF MULTIPLE SUPPORTS

USDJPY has been trading in a bearish trend after made a top of 152.00 The price on 4H time frame has approached to horizontal support. The same zone is confluence of multiple support.
1) Horizontal support
2) Rising support
3) 200SMA
4) 0.236 fib level
The bulls can show strong momentum at this confluence zone. A sustained move beyond 148.00 is needed to negate any near term bearish outlook.
The bulls need to break above the horizontal resistance zone
Manage your trades accordingly.